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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #142,181
  • Nov 24, 2008 11:10pm Nov 24, 2008 11:10pm
Quoting forexlion
I am one of them, out of the 500 pip move yesterday, i collected just 350
try closing a portion of your position, and leave a remnant to attain your targets.
No risk of loss is a good thing to me.
  • #142,182
  • Nov 24, 2008 11:11pm Nov 24, 2008 11:11pm
since 1 hour is short for me, i will wait for 5 min 50 ema to enter short, if anyone else sees otherwise, please let me know before i fall in a trap.
  • #142,183
  • Nov 24, 2008 11:12pm Nov 24, 2008 11:12pm
i added 2 more shorts at 145.71
  • #142,184
  • Nov 24, 2008 11:13pm Nov 24, 2008 11:13pm
Quoting ovaforty
try closing a portion of your position, and leave a remnant to attain your targets.
No risk of loss is a good thing to me.
in the entire move i have been buying dips on 1 min charts and leaving it run with a 15 trailing SL. to be closed only on the sl hit.

i should have kept the starting positions instead,
  • #142,185
  • Nov 24, 2008 11:14pm Nov 24, 2008 11:14pm
Quoting ovaforty
i added 2 more shorts at 145.71
what is your expectations on the shorts
  • #142,186
  • Nov 24, 2008 11:14pm Nov 24, 2008 11:14pm
Quoting forexlion
in the entire move i have been buying dips on 1 min charts and leaving it run with a 15 trailing SL. to be closed only on the sl hit.

i should have kept the starting positions instead,
Sounds like good advice
  • #142,187
  • Nov 24, 2008 11:15pm Nov 24, 2008 11:15pm
Quoting ovaforty
i added 2 more shorts at 145.71
my 5 min 50 ema comes around 145.95 so i will enter there.
  • #142,188
  • Nov 24, 2008 11:15pm Nov 24, 2008 11:15pm
Quoting forexlion
what is your expectations on the shorts
144/143.50 are my targets.
  • #142,189
  • Nov 24, 2008 11:15pm Nov 24, 2008 11:15pm
Quoting ovaforty
i added 2 more shorts at 145.71
is this for a quick scalp? we are still above DPP, which is 145.53 on my chart. good luck.
Learning never ends.
  • #142,190
  • Nov 24, 2008 11:16pm Nov 24, 2008 11:16pm
Quoting ovaforty
i added 2 more shorts at 145.71

careful of this

double bottom right on 23.6 fib retrace 15 min .....

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy114.png Size: 186 KB
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  • #142,191
  • Nov 24, 2008 11:16pm Nov 24, 2008 11:16pm
Quoting ovaforty
Sounds like good advice
do you have a skype id so we could do some voice chat during trade. o would love to learn from you.
  • #142,192
  • Nov 24, 2008 11:17pm Nov 24, 2008 11:17pm
Quoting malcolmb14
careful of this

double bottom right on 23.6 fib retrace 15 min .....

Attachment

this is the handle of my 60 min cup formation .... could be

remember i said the move in gj will come from GU ... GU does not move in asia
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  • #142,193
  • Nov 24, 2008 11:18pm Nov 24, 2008 11:18pm
darn malcolmb, i just had a mind change, thanks to you, i will wait a bit longer
  • #142,194
  • Nov 24, 2008 11:19pm Nov 24, 2008 11:19pm
Quoting kbrown
is this for a quick scalp? we are still above DPP, which is 145.53 on my chart. good luck.
yes
my bias is long, but in consolidation.
  • #142,195
  • Nov 24, 2008 11:20pm Nov 24, 2008 11:20pm
Quoting forexlion
darn malcolmb, i just had a mind change, thanks to you, i will wait a bit longer

good evening ...

not sure but this could be cup and handle on 60 min

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy115.png Size: 196 KB
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  • #142,196
  • Nov 24, 2008 11:21pm Nov 24, 2008 11:21pm
went long at 146.03 for 146.66 exit, 4 h and daily does not support shorts
with tight 15 SL
  • #142,197
  • Nov 24, 2008 11:21pm Nov 24, 2008 11:21pm
stopped out on one short
  • #142,198
  • Nov 24, 2008 11:22pm Nov 24, 2008 11:22pm
Quoting forexlion
went long at 146.03 for 146.66 exit, 4 h and daily does not support shorts
my daily looks bearish.
  • #142,199
  • Nov 24, 2008 11:23pm Nov 24, 2008 11:23pm
Quoting malcolmb14
no offence taken .. dr g good friend of mine .. we spent an hour together Sat coming up with price action for Sunday's Asia session ..... was pretty spot on.

All minds come together the power of group trading comes into play . I learn from Karmo , lilmoe ,Islander,Dr G piters , and all the rest every day.


i would like to take this momnent to thank some of the traders in this group.

Karmo has taught me patience with swing trades and I am getting better at swing trades.

Lilmoe has taught me do not be afraid of getting in at tops and bottoms...

did not want you miss out on this post from earlier
[/b]
Blogging daily now at www.volume.zone
  • #142,200
  • Nov 24, 2008 11:24pm Nov 24, 2008 11:24pm
Quoting ovaforty
Take a bong hit.
Might work for a while....
until the brain cell count gets called out on margin.
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